Enjoy live music, open bar and tastings from the area's best restaurants at the first ever Best of Greater Williamsburg Event! Get your Early Bird Tickets today!

Sinclair Broadcast Group

Lawsuit accuses Sinclair, Tribune Media of conspiring to raise TV ad prices

Lawsuit accuses Sinclair, Tribune Media of conspiring to raise TV ad prices

Some of the biggest names in the TV industry have engaged in a conspiracy to drive up the price of local television advertising, according to a federal lawsuit filed Wednesday on behalf of advertisers nationwide.

The suit, which targets Sinclair Broadcast Group, Tribune Media and four other firms, alleges that the companies violated the nation's antitrust laws by colluding to fix the rates TV stations charge for advertising airtime.

It adds that the collusion was an inevitable byproduct of recent decisions at the Federal Communications Commission, whose deregulatory approach to the broadcast industry allegedly contributed to media consolidation that encouraged illicit...

81°